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Before you log in to your eToro user account, read this

Updated: January 26, 2024
Oleg Tkachenko
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
Fact-checked by
Mirjan Hipolito
Cryptocurrency and stock expert
Expert verified
Official eToro
website Full eToro
overview

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

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eToro user account

Table of Contents

  • A short review of eToro
  • eToro user accounts
  • How to log in to your user account
  • How to register a user account
  • How to open a monetary account
  • A review of the eToro website and user accounts
  • Advantages and downsides of user accounts
  • An expert’s commentary on eToro user accounts
  • Related Articles
  • FAQs
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

eToro USA LLC does not offer CFDs, only real Crypto/ Stocks assets available.

The eToro brokerage was established in 2007 and was initially titled RetailFX. It’s an Israeli company with headquarters in Tel Aviv and branch offices in the United States, the United Kingdom, Canada, and Cyprus. The company’s business is regulated by FinCEN, the FCA, and CySEC. As of 2023, 27 million users have eToro user accounts, and the company has over 2.4 million financed accounts. The broker provides services in 140 countries and is worth $8.8 billion.

eToro’s competitive advantages:

  • 49 currencies and 76 cryptocurrencies for active Forex trading; plus 2,696 stocks, 264 ETFs, 15 indices, and 15 commodities for investing.

  • The broker’s clients can invest in fractional shares, investment volumes are not limited, and the broker doesn’t take fees for this service.

  • The company has its own trading platform, e-wallet, and exchange with an innovative system of protection of its users’ funds and data.

  • eToro provides flexible leverage up to 1:30 or 1:400, highly liquid assets, and one-click trading (1:400 leverage is offered to Professional Traders).

  • Ready-made investment portfolios, many instruments to diversify investments, and deposit insurance are available.

  • Novice traders can open demo accounts, get virtual $100,000, and practice trading without risks.

Logging in to your eToro user account gives you access to the social trading platform. Every user of the platform can choose the best investor from the ranking and copy their actions for a small percentage of the future profit. The ranking of investors is transparent, and you can see their transactions and income.

Note:

To visit the eToro official website, you can follow this link.

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

In this material, you will find detailed information about the resources of the eToro official website, which has been translated into 20 languages. The Traders Union explains the specifics of registration on the platform and elaborates on how to open monetary accounts and what to focus on to make your cooperation with this broker as gainful as possible.

eToro user account: Resources and functionality

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eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Logging in to eToro is the process of getting access to your user account, which is a dashboard with aggregate data on all of your monetary accounts. It’s used for trading, investing, depositing to accounts, and withdrawing funds. To get a user account, you need to register.

An eToro user account provides the following:

  • Accounts and statistics. Your user account displays all the data on your actions and trading transactions. Every transaction is registered and available for viewing. Here you can also see all of your monetary accounts and their status and you can deposit or withdraw funds to an external wallet or a bank card.

  • Trading platform. From your user account, you can access the trading platform to buy and sell any available assets such as fiat currencies, cryptocurrencies, stocks, CFDs, resources, and commodities.

  • Copy trading service. Access to this service is also provided through your user account. CopyTrader is the most popular function on the eToro official website because it enables you to copy transactions of experienced traders on favorable terms.

  • Investment portfolios. In your user account, you can use the ready-made investment portfolios or prepare your own portfolio by applying innovative financial tools. You can insure your deposit free of charge for up to $1 million.

  • News and education. Logging in to eToro gives you access to the news and analytics from the platform’s experts. The latest information about the state of the market is posted on the newsfeed every day. Also, the broker offers its own educational program for novice traders.

To use all of these functions, you need to register. Below there’s a step-by-step guide on how to do this.

Logging in to your user account on the eToro website

Go to the eToro official website and find the “Login” button as shown in the screenshot below.

A review of eToro user accounts: Registration and logging in

A review of eToro user accounts: Registration and logging in

After you click “Login”, enter your username and password to get access to an already existing account or click “Sign up” to register a new account. Note that you can log in or sign up with your Apple, Meta, or Google account.

Logging in to the eToro official website: Procedure

Logging in is entering a username and password that are already known to the system. If you already have a registered eToro account and try to sign up again, you will be informed that this username or email is used. In that case, you need to find the letter with registration data in your email and use it to log in to your eToro user account.

Steps to changing the password to your eToro user account

Sometimes, a user may forget the password to their user account and cannot find the letter with registration data in their email.

Here is what to do in that case:

  • On the eToro official website, click “Login”, enter your username or email, and click “Sign in”.

  • Under the password field, you will see this message: “Enter password or cancel it here”.

  • The second part of the message is a link. Click on it and follow the on-screen instructions.

  • You will receive a new letter with a link in your email. Follow the link and generate a new password.

Note that the link may not arrive at once. First, the system will check whether this email is known to it and whether it is the target of suspicious activities.

Changing the password for your eToro user account

No matter how strong your password is, you need to change it from time to time.

It’s simple to do:

  • Log in to your eToro user account.

  • Go to “Settings” in the menu on the right.

  • Choose “Account”, and across from the password field, there will be the “Change” button.

Changing the password for your eToro user account

Changing the password for your eToro user account

Enter the old password and then enter the new one twice. No additional actions are required, and the password will be changed that very second. Pay attention to the security system warning. It will determine how strong your password is. Use Latin letters of both cases, digits, and special symbols, e.g., a question or exclamation mark, to make your password as strong as possible.

Changing the password for your user account.

Changing the password for your user account.

Entering your previous password when setting the new one is necessary to prevent intruders from changing your password if they get access to your account. Nevertheless, they will be able to place bets on your behalf, use all the resources of the platform, and withdraw funds. So, take care of the security of your password!

How to register a user account on the eToro website

If you are on the eToro website for the first time, then do the following:

1

Click “Login” in the top right corner of the screen.

Registration on the eToro website

Registration on the eToro website

2

At the bottom of the next page, click “Sign up”.

Registration of your user account on eToro

Registration of your user account on eToro

3

Enter your username and email, and create a password. Accept the platform’s conditions by checking the boxes and clicking “Create Account”. You can also sign up with your Google, Meta, or Apple account.

Creating your account on eToro

Creating your account on eToro

4

You will receive a letter with a link in your email. Follow the link to confirm your email. Without this confirmation, you won’t be able to use the basic functions of your user account on eToro, although access to it will be granted.

Later, you will be able to send another letter with the registration link to your email. To do this, go to “Settings”, then choose “Account”, and across from the email field, you will see the “Verify” button. On the same page on the right, there is a menu for the two-factor authentication via your phone number. Make sure you turn it on to provide stronger protection for your account on eToro.

Email confirmation and activation of the two-factor authentication in your user account on eToro.

Email confirmation and activation of the two-factor authentication in your user account on eToro.

Opening a monetary account on the eToro official website

After logging in to your user account on eToro, you will not get access to all of the functions of the platform until you pass verification. On the main page of your user account, there is a big banner with the “Verification” button. Click on it and follow the instructions. You will have to provide an image of your ID. After that, a standard monetary account will be opened automatically.

Opening a demo account on the eToro website

To open such an account, you need to do the following:

  • Register on the eToro official website. You can do it in Russian or many other languages.

  • Verification and email confirmation are not necessary to get access to virtual monetary accounts.

  • In the bottom left corner of your user account page, click “Switch to Virtual”.

Virtual monetary accounts on eToro are identical to real accounts. You will have 100,000 virtual USD and access to real market quotations to learn how to trade.

Opening a real-money account on the eToro website.

eToro provides three types of monetary accounts, namely demo, standard and professional. Standard accounts open automatically after registration and verification.

If you want to open a professional account, you need to know the following:

  • On average, you have to have made 10 large transactions quarterly during the last 4 quarters.

  • Upon submission of your request, the value of your investment portfolio has to exceed 500,000 EUR.

  • To open a professional account, you have to submit an individual request on the “Professional account” page to which you can go from the main menu of the eToro website.

  • First, go through the page with the broker’s rules where you will find the “Categories of clients” section. There are other requirements for professional clients.

  • There are fewer limits for professional clients than for standard (retail) ones.

A review of user accounts on eToro.

After registration and logging in to the eToro website, you will get full access to the platform’s functions.

Here is what you are offered:

  • To follow current quotations of assets and trade, see the upper right menu.

  • To get news from experts, follow your transactions, and look through the archive of transactions; see the lower right menu.

  • To use the CopyTrader service, view the full list of assets, and work with investments; see the upper left menu.

  • To deposit or withdraw funds, invite friends, and use your demo account, see the lower left menu.

  • To change account settings and study articles in the support center, also see the lower left menu.

Irrespective of the chosen part of the menu in your user account on eToro, you can always click “Home” on the top left to return to the main page with aggregate data.

Sections of your user account on eToro

1

Home page. Aggregate data on your accounts, investments, and transactions.

Home page of your user account on еТоrо

Home page of your user account on еТоrо

2

Watchlist. Contains a full list of assets that are divided into the following categories: all lists, recently invested, and individual lists.

List of assets in your user account on eToro

List of assets in your user account on eToro

3

Portfolio. List of your investment portfolios and assets in them. In this menu, you can adjust your portfolios.

Investment management in your eToro user account

Investment management in your eToro user account

4

Discover. The CopyTrader platform for copying transactions with a categorized ranking of professional traders.

The CopyTrader platform in your eToro user account

The CopyTrader platform in your eToro user account

Note that in the “Watchlist” section, you can buy and sell assets and in the “Discover” section, you can look through all the markets or choose such separate types of markets as stocks, crypto, indices, ETFs, and commodities.

Overview of the features of eToro’s user account

1

Deposit funds. You can deposit funds with your debit card via Skrill, Neteller, or bank transfers. There are no fees, and the minimum deposit is 200 USD.

How to fund your account on eToro

How to fund your account on eToro

2

Withdraw funds. All the popular ways of withdrawal are available. Fees depend on assets and withdrawal channels. There are minimum and maximum limits.

How to withdraw funds from your eToro account

How to withdraw funds from your eToro account

3

Trading fiat currencies, cryptocurrencies, stocks, and other assets. You can open short and long transactions and see market quotations in real-time.

Forex trading with the eToro broker

Forex trading with the eToro broker

4

CopyTrader. You can choose any trader or investor to copy their transactions on your terms, i.e., deposit, leverage, etc.

Using the CopyTrading service on eToro

Using the CopyTrading service on eToro

Additional functions of your user account

1

eToro Club. To join the club, you need a certain capital qualification. Each tier gives you additional financial bonuses.

Membership tiers in eToro Club

Membership tiers in eToro Club

2

Invite friends. You can use a referral link to invite other people to eToro and get bonus payments for each of them.

A referral link in your eToro user account

A referral link in your eToro user account

3

Switch to Virtual Portfolio. You can switch from your real-money account to a demo at any moment to test your strategies.

Switching to a demo account on the eToro website

Switching to a demo account on the eToro website

Advantages and downsides of eToro user accounts

👍 Advantages

• Intuitive interface. The buttons have understandable names without any ambiguity and are arranged conveniently. It will only take you a few minutes to get comfortable with your user account.

• The necessary functions include. Depositing and withdrawing funds, trading available assets, compiling and adjusting your investment portfolio, using the copy trading service, accessing active and completed transactions, and viewing news, analytics, settings, and the support center. You can open any of these sections with just one click.

• Clarity. For almost all actions, there are contextual recommendations that explain how to use any given function and warn you about the potential risks.

• Virtual account. With most brokers, you have to open a demo account separately. With the eToro broker, you can switch between your real and virtual monetary accounts inside your user account. It takes only a few seconds and is very convenient for the testing of new strategies.

• News and analytics. The main menu of the eToro website displays posts from the platform's financial experts and analysts who can help both novice and experienced traders.

👎 Downsides

• To trade a particular asset, you have to open a corresponding menu first and then an additional submenu. Filters in the categories aren’t always arranged intuitively. Instead of putting the CopyTrader ranking on the top of every page, the broker should optimize the interface for buying and selling assets to make navigation easier and faster.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more"

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

The expert’s conclusion about the eToro website and its user accounts

An eToro user account is a convenient platform for trading, investing, and managing assets. Traders can buy or sell fiat currencies, cryptocurrencies, or stocks literally in just a few clicks. Investment portfolios are also compiled rather quickly, especially if you use automated tools.

User accounts on eToro are elaborate. The home page displays key information, experts’ posts, summaries, and analytics. The advantage is that the feed doesn’t contain any charts, classic indicators, or market moods. The platform’s experts give you ready-made conclusions and advice on particular events, saving you a lot of time.

The CopyTrader service deserves a special comment. Here you can immediately see the ranking top and choose a trader or investor whose transactions you want to copy. Currently, in top positions, there are about 50 professionals whose average annual yield is 30% and higher.

Finally, in your user account, you can manage your referrals and see your club bonuses. Data aggregation is full, clear, and presented in a convenient form. Access to target functions and information isn’t perfectly optimized but is always completely intuitive. That’s a really big plus for any broker.

Anton Haritonov

Anton Haritonov

an expert at the Traders Union

FAQs

What will I get if I sign up for an eToro user account?

Users can perform many actions provided by the functionality and rules of the platform. Here are only some of these actions:
- Forex trading in currencies and cryptocurrencies, opening short and long positions and watching quotations of assets in charts.
- Investing in the stocks of large companies, foundations, indices, and commodities. You can trade leveraged fractional shares right from the start.
- Deposit and withdrawal of funds are available through the most popular and reliable channels such as bank cards, Skrill, etc. eToro charges a fixed withdrawal fee of $5 USD. eToro charges zero commission for deposit of funds.
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Note that some of the functions are available even without registration. Access to basic functions is granted to the users who have signed up and confirmed their emails. Only verified traders who have confirmed their personal data under the KYC requirements can use all the resources after logging in to their user accounts.

I have decided to trade on an exchange or invest in stocks through the eToro broker. What do I have to do?

The procedure is simple:
1. Go to the eToro official website and see the terms and conditions for the use of the broker’s services. The links to corresponding documents are in the footer.
2. Click “Login” in the top right corner of the main page of the website. Complete basic registration, be sure to confirm your email, and turn on the two-factor authentication through your phone number.
3. Get verified. To do this, provide a picture of your ID, e.g., passport or driver’s license. Wait till the review is complete.
4. A trading account is opened automatically as soon as a new user gets registered and verified with the eToro broker. In your user account, you can switch to a demo account at any time. You will have 100,000 virtual USD and access to real quotations of assets.
5. Note that you don’t have to download any trading platform. All actions with your assets are performed through your eToro user account. That’s why you only have to make a deposit, e.g., from a bank card, and make money in any way that’s convenient for you, i.e., on active trading, investing, or through the CopyTrader service.
To get access to a demo account, you only need basic registration. Even confirmation of your email is not required. The Traders Union strongly recommends that you start learning the functions of your eToro user account by using the resources of your virtual account.

How does the eToro broker protect my personal data and funds?

Just like all top brokers, еТоrо is interested in strong protection of its clients’ personal data and money. That’s why the platform takes the following measures:
- SSL encryption, up-to-date protection from DDoS attacks, and cryptographic security technologies.
- Users create passwords themselves and associate their accounts with emails and mobile phones.
- The two-factor authentication doesn’t allow an intruder to log in to your user account even if they know the password.
- Every user’s funds can be insured free of charge for up to 1 million USD.
Based on these facts, it is legitimate to state that the protection of a user’s personal data and funds is one of this broker’s top priorities.

What makes the eToro broker different from its competitors and what is its most distinctive feature?

It’s the social trading platform CopyTrader. An easy-to-use tool with unique resources. Right after verification, any user can copy transactions or investment portfolios of other users. The ranking of signal providers is clear and unbiased. There are over 50 experienced traders and investors whose average annual yield is 30% and higher. And they are ready to share their success with you.

Team that worked on the article

Oleg Tkachenko
Oleg Tkachenko
Author and expert at Traders Union

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Read more
Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!

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Mirjan Hipolito
Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.

Read more